Being named the executor of an estate is a big responsibility. One of the most important tasks you'll face is dealing with the deceased's creditors, which are people or businesses to whom money is owed. Understanding how to handle creditors will help you fulfill your...
Estate planning isn't just for the wealthy. It's about ensuring your loved ones understand your wishes and carry them out after you're gone. Whether you are just starting your estate plan or are going to review an existing one, it is important to know which key...
Having an estate plan is important to ensure the distribution of your assets according to your wishes. There are two common ways to do this: a will or a trust. What is a will? According to CNBC, 67% percent of Americans do not have an estate plan. A will is a legal...
When it comes to estates, fiduciary duties are a way to make sure that assets get into the right hands. These are important rules executors follow to make sure everything happens properly. However, sometimes people do not follow these rules, leading to breaches and...
A will can be an effective tool for relaying end-of-life instructions and decisions, making it a valuable component of an estate plan. This document can help the decedent express their wishes concerning their estate, such as asset distribution and other wishes....
Settling the estate of a person who just died is called probate. Because this is a complex legal process, and people don’t always prepare an estate plan to streamline distributions and decisions, issues can and do arise. The executor does not want the responsibility...
Estate planning allows you to prepare for any unexpected events that may occur in the future. Every person's estate plan is unique and tailored to their specific goals and circumstances. For instance, a parent will prioritize the well-being and guardianship of their...
Probate is often an essential process to help administer estates based on state law. Aside from adequately distributing inheritances, it can also help organize and settle any debt or tax payments the deceased left before they passed. In Ohio, some laws can shorten the...
Probate in Ohio is a process the court uses to ensure that when someone dies, their estate assets go to the legally entitled parties. Usually, the person who has the decedent's last will and testament initiates it. The court will review the will first and determine if...
Beneficiary designations are an important aspect of estate planning. When it comes to retirement accounts, life insurance policies and other assets, these designations spell out who should receive funds. Because it is easy to overlook issues affecting beneficiary...
